Here's why Iran's short-lived oil export boom is fizzling out
Five months after sanctions on Iran were eased, the rapid rise in the country's oil production and exports appears to be ending as quickly as it began./ were eased, the rapid rise in the country's oil production and exports appears to be ending as quickly as it began. Any slowdown in Iranian output will hasten the rebalancing of global oil supply and demand, adding weight to the assertion by 's oil minister Khalid Al-Falih that "the oversupply has disappeared." exports, which exceeded 2 million barrels a day in both April and May, slipped ...
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